ASL MARINE HOLDINGS LTD: NOTICE OF A SUBSTANTIAL SHAREHOLDER'S INTEREST

Notice of Interest/Change in Interest
* Asterisks denote mandatory information
Name of Announcer *	ASL MARINE HOLDINGS LTD
Company Registration No.	200008542N
Announcement submitted on behalf of	ASL MARINE HOLDINGS LTD
Announcement is submitted with respect to *	ASL MARINE HOLDINGS LTD
Announcement is submitted by *	Lilian Tan Yin Yen
Designation *	Group Financial Controller and Company Secretary
Date & Time of Broacast	08-Oct-2008 12:43:49
Announcement No.	00025
Price Sensitivity	Yes

>> Announcement Details

The details of the announcement start here ...

>> Part I
1. Date of notice to issuer *	08/10/2008
2. Name of Substantial Shareholder *	Ang Sin Liu
3. Please tick one or more appropriate box(es): *
- Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest. [Please complete Part III and IV]

>> Part II
1. Date of change of [Select Option]
2. Name of Registered Holder
3. Circumstance(s) giving rise to the interest or change in interest
# Please specify details
4. Information relating to shares held in the name of the Registered Holder
No. of N.A. held before the change
As a percentage of issued share capital
No. of N.A. which are subject of this notice
As a percentage of issued share capital
Amount of consideration (excluding brokerage and stamp duties) per share paid or received
No. of N.A. held after the change
As a percentage of issued share capital

>> Part III
1. Date of change of Interest	08/10/2008
2. The change in the percentage level	From 62.56 % to 62.56 %
3. Circumstance(s) giving rise to the interest or change in interest	# Others
# Please specify details	The aggregate number of shares held by the substantial shareholders remain the same except for the transfer of 437,000 shares from Ang Sin Liu''s direct account to nominee account.
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions	The change in the percentage is the result of a transaction

>> Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest:
	Direct	Deemed
No. of shares held before the change	22,637,000	165,896,000
As a percentage of issued share capital	7.51 %	55.05 %
No. of shares held after the change	22,200,200	166,333,000
As a percentage of issued share capital	7.36 %	55.20 %

Footnotes

The percentage before and after the change is calculated based on the Company's issued shares of 301,383,002 as at 7 October 2008 and 8 October 2008. Mr Ang Kok Tian, Mr Ang Ah Nui, Mr Ang Kok Eng, Mr Ang Kok Leong, Mr Ang Sin Liu and Ms Ang Swee Kuan together in aggregate own 62.56% of the Company.